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www.<strong>petrofed</strong>.org<br />

Common Minimum Programme of UPA Government<br />

Energy Security:<br />

The UPA government will immediately put in place policies to enhance the<br />

country's energy security particularly in the area of oil. Overseas investments in<br />

the hydrocarbon industry will be actively encouraged. An integrated energy<br />

policy linked with sustainable development will be put in place.<br />

Election Manifesto of National Democratic Alliance for 2004<br />

General Elections (Agenda for Oil and Gas Sector):-<br />

• Enhanced oil production through increased exploitation of own<br />

resources as well as purchase of ownership in oil fields overseas.<br />

• Dependence on fossil fuels to be lessened through a concerted<br />

drive for harnessing non-conventional energy sources.<br />

• Commercial exploitation of discovered gas fields will begin by<br />

2005.<br />

• The Petroleum and Natural Gas Regulatory Board Bill will be<br />

enacted. in 2007<br />

It is high time that we get out of this highly complex consumers know what exactly they have to pay for<br />

and opaque pricing policy of petroleum products petroleum products as they pay for a number of<br />

once for all. We should take it out from the realm other products in a market economy.<br />

of politics back to the realm of economics, so that<br />

34

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